Yes. we have all read and heard conflicting reports on the above matter with no clear instructions but today 24th April see a Zoom meeting with a couple of Tax experts at 5 pm time tonight.
We all know Dave Cameron of the UK Government has been over from the so-called UK government and has been heavily involved with this.
Cut to the chase all pensions and that including the minuscule UK State Pension and the transfer of monies to Thailand are deemed to be taxable income.
We all know that the UK exempt tax for income tax is bout 12,750 pounds.
In Thailand, the threshold is these:_
a/ 1 to 150k Bant is Exempt
b/ 151K to 300K Income Tax is 5%
c/ 301k to 500k Income Tax is 10%
d/ 501K to 750k Income Tax is 15%
e/ 751k to 1 Mill Income Tax is 20%
There are others of course but most will not be in those brackets.
Many of us and I have enquired about the addresses of the Tax Office but not one reply and for many pf us we have no tax reference and guess we just have to wait and see.
I have not discussed it with my Thai wife as yet as like to keep things and let me do the worrying and let them chase us?
One thing is for certain we are going to lose more money and yes less money for our Thai families to live on.
Don't the Authorities not know us ex-pats provide the bulk of the money but same same throughout the world but anyway they can get us poor peasants to pay more, they will and more than likely going in their own back pockets and huge bank balances.
One question I was asked by a so-called Tax expert is how old am I and am I married?
Many of our spouse do not work for a company and do not pay income tax but are they entitled to the first 150k Baht and can be added to their married spouse and do not think so but a strange question to ask.
They always state can give you an estimate on the tax we might have to pay but no answers yet and yes it still seems no one knows too much.
So we keep quiet and let them chase us and surprised Immigration not asked on our 90-day reporting but stress it is not on the Statute book yet and from 1st January 2024 supposedly.
Cheers all